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over a published list of suspected tax evaders. it they're putting on a unified front before a key vote on austerity measures. >> royal bank of scott land has had a loss of just over 1.4 billion pounds mainly due to a clarm on his own debt. the lender has increased its compensation provision by 400 million pounds and will soon enter negotiations to settle libor investigations. it's also likely to be hit. they reiterated the banking industry must make major changes to it culture. >> i guess in general banks didn't live up to the standards of integrity and have the right cultures. so we're paying some of the sins for that. >> some of the world's biggest banks, more capital to deal with financial shocks this according to the rules unveiled by the financial stability board. regulators have decided capital buffers. >> the economy remain as top issue for americans while investors have their sights on the impending fiscal cliff. they're facing off over the best path to pursue in order to solve the issue. richard, we've seen even as business leaders try to froes a nonpartisan solution, they're
of this year, which was the 5%. and since then, you've had the consumption tax going through, so that will be introduced fairly soon. so overall, a lot of noise out there which is masking the state of the economy. but if you strip all that away, you've basically not a great deal has changed. you have a huge economy which has a very dynamic export sector, but the export sector is still a relatively small part of the economy. when exports slow, clearly that will feed through. having said that, the u.s. and china do seem to have bottomed out. >>. >> dan, thanks very much for joining us. and speaking of hurricane sandy, a levee break in new jersey is prompting rescue operations for new jersey. so the fallout continues. >>> still to come, more on the super storm sandy as it sweeps across the eastern u.s. >>> welcome back. these are the headlines today from around the globe. sandy roaring ashore, powerful storm dumps a ton of rain on theest east coast, knocks out power to millions and floods parts of lower manhattan. >> and shares of bp rising, hiking its dividend by more than 12%. >>
profits on these days, and if you aren't concerned about short-term tax considerations, buy clorox on wednesday when everyone else kicks it out. then there is excelon and i wouldn't normally listen to a utility. hey, it's fine. not so much to learn. this one is huge. this is the commonwealth. and almost a 6% yield. much higher than almost every other utility. i want to know what the heck is wrong here or if i should get behind the stock. the other utilities have really run. wow, here is a controversial one. gm stock has been climbing, not today, but i think it's in part because of the chinese cold war with japan. the chinese are staying away from japanese cars, especially toyota, i want to know if they are buying gm cars, could get the stock moving. in china. this is really -- this is maybe the most right now. obama/romney stock away from the business and obama's people, made it clear they won't sell the remaining stake in gm. tim massen said the same thing, the disposal agent. romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty bina
to be some big decisions made both on tax reform and entitlements. but i think there will be a ton of uncertainty heading in to 2013. >> thank you again for getting up for us. be safe on your way back. and as mentioned, we want your hurricane stories. especially if you're on wall street. maybe you remember the last type the new york stock exchange closed in 1985. world wide at, @cnbcwex, as well. and still to come, cnbc's own scott cohn is in new york as hurricane sandy is about to make the landfall. we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lex
in profit. >>> barclays shares trading lower after the bank demands two new investigations. pre-tax figures down 23% to just above one billion pounds. mainly related to charges for missed payment protection policies. revenues below estimates at 6.8 billion pounds. the bank says as well the department of justice and securities and exchange commission have launched two probes into the third party relationship the barclays may have used to win or retain business in the united states. >> staying with financials, the days of 20% profit growth for china's big four banks may be a thing of the past. new estimates show growth could rise by as little as 5% this year as the central bank's mid year rate cuts kick in. smaller lenders could get hit even larger as interest margins shrink. a consortium has decided to walk away after iron ore spurned its $1.2 billion offer. it's giving up further talks after the company called their bid opportunistic. >>> sci-fi nerds did get darth vader and princess leia costumes out. i don't know what i just said. disney is buying lucas films. they're buying it for $4 bil
Search Results 0 to 4 of about 5